Senior Analyst, Model Validation and Governance

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

Reporting to the Senior Manager, Risk Management, the Senior Analyst, Model Validation and Governance is a key contributor to the delivery of The Canadian Depository for Securities Limited (CDS) and The Canadian Derivatives Clearing Corporation (CDCC) strategic project initiatives, providing model validation and policy management skills to ensure risk management initiatives are in compliance with CPSS-IOSCO Principles for Financial Market Infrastructure (PFMI’s) and internal policies/procedures.

This role is hybrid (2 - 3 days/week in the office) - we are open to candidates being located in one of our Canadian office locations: Toronto or Montreal.

Key Accountabilities:

• Perform detailed quantitative and technical review of models, including research on appropriate statistical and mathematical technical tests to analyze various aspects of model design and performance

• Responsible for the review of all necessary documentation, ensuring accuracy and completeness, allowing for an independent third-party review of the validation work performed

• Provide comprehensive reports summarizing findings and recommendations to senior management and risk committees

• Manage relationships with key stakeholders as identified for each submission of validation requests

• Support the team in developing and maintaining a consistent validation process for models and other components used to manage financial risks

• Participate in the design of policies related to market, credit, and liquidity risks. Take responsibility for reporting all status and risk issues, collecting decisions, performing change analysis, and updating documents.

• Stay informed about international standards and industry best practices, identify emerging innovations and trends, and provide actionable recommendations.

Must haves:

• Degree in fields such as Mathematics, Statistics, Econometrics, Physics, Computer Science, Financial Mathematics, and Financial Engineering. Master or above preferred

• 3-5 years of previous work experience in capital markets, pricing model theory (equity, fixed income, derivatives and structured products), liquidity/counterparty/market risk modelling

• Exceptional communication (particularly in writing) and presentation skills with experience in preparing policy and process documentation

• Strong time management and organization abilities in a high-pressure environment

Nice to haves:

• Technology and information system skills, e.g. Matlab, Python.

• Working towards industry certifications: CFA, FRM (Financial Risk Manager from GARP) or/and PRM (Professional Risk Manager from PRMIA)

Salary Range: 85,000/year -95,000/year CAD

Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

The recruiting efforts for this role are intended to fill a vacant position.

In the market for…

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led spreads social good via our giving strategy.

Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!

Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.